ETHEREUM Consolidation Bear Break - New Low Support Found
Well, I posted earlier this morning that there were signs of pullback. We're seeing some selloff now and it's looking like we could get a big more pullback. Again, I'm looking at a support of $612 in accordance with the EMA's and the Fib 23% level.
BTC hasn't broken to a new low yet, so this signal may be irrelevant. We did see a bounce for now at $662 but probably won't play out too long. Resistance is now at the $672 level.
We were lacking on volume lately, so this sign of break isn't the best of news.
We will keep an eye on it though and post updates as the market keeps moving and providing signals.
It seems that most Crypto's are moving in tandem with Bitcoin these days - that will be the one to keep a close eye on. The bullish sentiment is still there and a lot of larger players are getting into the market imo.
Yea I was hoping to break the trend. I think eventually ETH will inevitably beat out BTC.
Good article. I upvoted and follow you. Uovoyed and follow me too .thnx
Thanks! Will do.